Tim Connelly, Denver’s president of basketball operations since 2013, is leaving to take the same position in Minnesota, a source told The Denver Post.
Financial compensation, including equity in the Timberwolves, was a significant factor, the source said.
Connelly and his wife, Negah, met with Timberwolves ownership over the weekend in Minnesota and then took two days to mull the decision before Monday’s announcement.
In between, there was hope within Denver’s organization that the Kroenkes might counter and find a way to keep Connelly.
The decision was particularly difficult for Connelly considering how close the Nuggets are to title contention and the deep relationships he’s established inside the organization with players and coach Michael Malone.